The Phoenix Arizona statement or legend on a stock certificate refers to a Notice of Restriction on Transfer and asserts that the stock in question has not been registered and is exempt from interstate trading under the Intrastate Exemption. This statement or legend serves as a legal disclosure to potential buyers and investors, highlighting the limitations and restrictions associated with the stock. The purpose of this statement is to inform individuals that the stock being offered or held is subject to certain restrictions on its transferability. By including this notice on the stock certificate, the issuing company aims to protect itself and comply with relevant securities laws while ensuring potential buyers are aware of the limitations associated with the stock's trading. In the context of Phoenix, Arizona, there may be different types of similar statements or legends that could appear on stock certificates. These include: 1. Notice of Restriction on Transfer — Stock NoRegisteredre— - Intrastate Exemption: This statement indicates that the stock being issued or held has not been registered with the appropriate regulatory authorities, such as the Securities and Exchange Commission (SEC). It emphasizes that the stock's transferability is subject to restrictions and can only be traded within the boundaries of Arizona due to the Intrastate Exemption. 2. Phoenix Arizona State Exemption — Stock May Only Trade Intrastate: In scenarios where the state of Arizona grants a specific exemption for the stock, this statement signifies that the stock is eligible for trading only within the borders of Phoenix, Arizona. It highlights the stock's limited transferability and serves as a legal notice to potential buyers. 3. Compliance with Arizona Intrastate Trading Laws — Restriction on Stock Transfer: This legend conveys that the stock being offered or held complies with the state's intrastate trading laws. It reminds investors and buyers that the stock can only be transferred within Arizona and cannot be traded or transferred across state lines. 4. Intradistrict Transfer Only — Phoenix Arizona Intrastate Exemption: In cases where the stock's transfer is limited to specific districts within Phoenix, this statement indicates that the stock can only be traded or transferred within those designated areas. It provides clarity regarding the stock's geographical limitations and reinforces the need for compliant trading practices. In conclusion, the Phoenix Arizona Statement or Legend on Stock Certificate — Notice of Restrictiotransfereefe— - Stock not Registered — Intrastate Exemption serves as a legally mandated disclosure to inform potential buyers and investors about the limited transferability of the stock within the state of Arizona. By stating this notice on the stock certificate, the issuing company ensures compliance with relevant securities laws and protects both itself and the investors involved.